Google posted fourth-quarter revenue of $1.29 billion excluding traffic acquisition fees paid to partners on Tuesday, in line with analyst expectations and driven by expected seasonal strength in traffic and monetization, the company said.

Gross revenues were $1.92 billion, up 86 percent from a year ago.

Earnings per share for the quarter were $1.22, or $1.54 a share excluding one-time items, compared with 71 cents a share a year ago. On that basis, analysts had been expecting earnings per share of $1.76.

NOTE: In the original posting, we incorrectly stated revenue excluding traffic acquisition costs. Corrections have been made above.